Hello, I am a retail investor. I am one of many individual investors who lives month to month. I am a 100% disabled veteran and Ive been invested since the moment I got my disability. I mostly trade inverse and leveraged ETFs and ETNs. Since I began trading in 2020, I have made almost 300% returns. I am a traditional buy and hold investor. I know these investment vehicles are supposed to be in and out plays, but Im up over 1000% on one of my holdings, and up 300% on two others.

I oppose this new regulation

No new regulations need to be added. Protecting retail investors is just an excuse. Everyone enters knowing the risk they face. Everyone accept their own mistakes, they don't think to themselves if only the government had stopped me. Even if a few undisciplined traders fail, doesn't mean everyone else should be punished. Leverage assets can either make you or break you. Yet politicians would rather we go gamble at the casino.

Inverse ETF's are not exceedingly complex financial instruments. In addition, they can be used easily and cheaply to reduce risk by investors with significant equity exposure. Investors such as myself should have the right to make our own decisions about reducing risk without the need to sell our stock positions. We should not be forced to take a test to retain this right, although i have no objection to net worth requirements.

I should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.

As an RIA for over two decades, I want the ability to use whatever tactical strategies I see fit for my clients as well as myself. I have used inverse funds within hedging strategies since the 1990s to no ill effect for my clients. They are extremely useful tools for hedging against large market losses, especially within Long/Short strategies. With the advent of cannabis, crypto, day-traders, and zero commission trading, there will be even more risky trades and investments being done by retail investors.

I have traded these leveraged and inverse funds for many years. They should be available to all not select few. The test is just another unnecessary bureaucratic hurdle for people who can read and understand the risk. These funds are useful in short term trading as an overnight or 2-3 day vehicle that can be used with less leverage than a futures contract. Your consideration appreciated.

The market was always intended to be in even ground for everyone. Never special trading allowed for some and not others. In the land of liberty, I'm fully capable of deciding my own risks.

Americsn citizens should not be limited on how and what they can spend their money on in the market.

I oppose restrictions to my right to invest. OMS